The Magazine for Asian Investors
The Statistical Office of the Lao People’s Republic announced that the consumer price index (CPI) rose 23.6% year-on-year in June. This was the highest level since May 2000 (12.8%).
The CPI was higher than analysts’ forecasts and above the government’s target of 12%.
The increase in the CPI was caused by rising oil prices, consumer goods and imported products, as well as the depreciation of the kip currency.